This report covers from 1 January thru 31 March of 2008.
Operating profit and order backlog strengthened from the previous year.
• Net sales EUR 19.5 million (January–March 2007: 19.5) (as of today, USD $30 million)
• Operating profit EUR 3.9 million (3.4) (as of today, USD $6 million)
• Earnings per share EUR 0.02 (0.02) (as of today, USD $0.03)
• Order backlog EUR 33.1 million (29.7) (as of today, almost USD $52 million)
The remainder of this release is a statement from Sami Erviö, President and CEO:
”Comptel’s financial performance was twofold in the first quarter of 2008. The operating profit improved and was close to 20 per cent of net sales. On the other hand, the order intake did not meet our expectations.
The development of net sales was hampered by the delaying of certain European projects and a further weakening of US dollar rate. However, with the order backlog remaining at the high level of the year-end and with favorable order prospects, the basis for the deliveries of this year is good.
During the first quarter Comptel closed significant deals in Europe and Asia-Pacific. In March we signed a long-term agreement with IBM India for license upgrades, and to deliver and maintain Comptel Convergent Charging Solution for a leading telecom operator in India. In all we sold five new core licenses.
In the beginning of the year we restructured our organization to meet the customer needs even better. The renewal has progressed well, although the initial phase required time away from daily duties for some personnel.
On 21 April, we completed the acquisition of Axiom Systems. This strengthens our position to provide Dynamic OSS (Operations Support System) for the next generation IP networks. With this acquisition we can capitalize the growing investments of service providers to new IP-based services, like VoIP and IPTV.”
About Comptel Corporation
Comptel provides Comptel Dynamic OSSTM solutions, offering service-enabling mediation, charging and fulfillment capabilities to telecom service providers. Comptel’s expertise in inventory, provisioning and activation, mediation and charging empowers service providers to focus on delivering the innovative services. Established in 1986, Comptel had a turnover of EUR 80 million (as of today, almost USD $125 million) and around 550 employees in 2006. Comptel has provided solutions to around 260 customers in 85 countries worldwide.
For more information, please visit their website: http://www.comptel.com